C4IP Co-Chairs and former USPTO Directors David Kappos and Andrei Iancu just published a new opinion piece in The Hill, which draws from C4IP’s newly released Congressional Innovation Scorecard to explain how the U.S. can fix the growing disparity between its R&D spending and China’s.
The scorecard found that a supermajority of Congress — nearly 70% — had only a “passing interest” in policies that would strengthen IP rights. Kappos and Iancu argue that this apathy is letting IP rights wither away — with domestic jobs and U.S. tech leadership disappearing as a result.
However, Kappos and Iancu also identify an easy fix. If lawmakers embrace IP issues and back bipartisan proposals like the PREVAIL Act and Patent Eligibility Restoration Act, it would incentivize innovation and investment into new technologies, helping America regain its status as the world’s leader in innovation.
Kappos’ and Iancu’s call to action is clear: “For the sake of countless American companies and workers, it’s time for Congress to wake up, step up and champion robust IP rights.”
Read the full op-ed here: https://thehill.com/opinion/4557607-chinas-surging-innovation-investments-are-a-wake-up-call-to-congress/